On April 17, 2008, Standard & Poor's Ratings Services lowered the long-term foreign currency rating on the Republic of Iceland to 'A' from 'A+' and its long-term local currency rating to 'AA-' from 'AA'. The 'A-1' short-term foreign currency and ‘A-1+' short-term local currency ratings were both affirmed. The T&C assessment has also been downgraded to 'AA' from 'AA+'.
- Iceland Sovereign Ratings Lowered On External Funding Risks; Outlook Negative
| Source: Seðlabanki Íslands
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